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Updated almost 4 years ago on . Most recent reply

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10
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Jacob D. Lange
2
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10
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Financing an all cash purchase???

Jacob D. Lange
Posted

I am purchasing a property all cash.  Is there a period of time I would have to wait before I could then secure a mortgage on that property.

I heard 6 months, but that might be only for a re-fi.  

For context, I am buying a property for 65K.  With 8 to 10K of work, it should appraise for 100K or a bit more.  I hope to get a mortgage for 75% of the appraised value.  

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